Economy

State-owned airline Qatar Airways has signed an agreement to buy 210 aircraft from United States manufacturer Boeing, coinciding with President Donald Trump’s visit to Qatar as part of his tour of the Gulf region.

Trump and Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, witnessed the signing ceremony in Doha on Wednesday. The White House said that the deal for the Boeing 777X and 787 planes with GE Aerospace engines was worth $96bn.

Trump said Boeing CEO Kelly Ortberg, who signed the deal with Qatar Airways CEO Badr Mohammed Al Meer next to Trump and the emir, told him: “It’s the largest order of jets in the history of Boeing. That’s good.”

Trump had initially said that the deal was worth more than $200bn and was for 160 planes, before the White House issued updated numbers after his comments.

The White House also said that agreements signed by the US and Qatar would “generate an economic exchange worth at least $1.2 trillion”.

“This is a critical next step for Qatar Airways on our path as we invest in the cleanest, youngest and most efficient fleet in global aviation,” Qatar Airways Group CEO Badr Mohammed Al-Meer said in a statement.

“After two consecutive years of record-breaking commercial performance and with this historic Boeing aircraft order – we’re not simply chasing scale; we’re building strength that will allow us to continue to deliver our unmatched products and customer experiences.”

The sale is also a boost for Boeing and its biggest engine supplier at a time when large versions of rival Airbus’ A350, powered by Rolls-Royce engines, have struggled with maintenance problems from operating in the world’s hottest climates, including the Gulf region.

Boeing shares rose 0.9 percent in New York, while GE Aerospace stock edged up 0.1 percent.

For the 787s, Qatar opted for GE Aerospace’s GEnx engines rather than Rolls-Royce’s Trent 1000, according to the administration. GE Aerospace’s GE9X is the only engine option for the 777X.

It is the largest widebody engine deal for GE Aerospace, the company’s CEO Larry Culp said in a statement.

Faisal al-Mudahka, editor-in-chief of the Gulf Times, said the Qatar Airways purchase of Boeing aircraft is a “win-win”.

As one of the world’s top airlines with a growing market, Qatar Airways has more demand than supply at the moment and will need the fleet, he said.

“I think Donald Trump and Qatar know how to package things to make political gains and economic gains.”

Trump’s Qatar visit is the second destination of his Gulf tour, after an initial stop in Riyadh, Saudi Arabia, where he made a surprise announcement about lifting sanctions on Syria and then met the country’s president, Ahmed al-Sharaa.

Trump is to land on a third and final stop in the United Arab Emirates on Thursday for a one-day visit.

No mention of Gaza

The Qatari emir said the two leaders had a “great” few hours of discussion covering a range of issues. “I think after signing these documents, we are going to another level of relations,” he said.

Trump thanked the emir and said it had been a “very interesting couple of hours” discussing topics including the Russia-Ukraine war, Iran and trade relations.

However, Israel’s war on Gaza was not mentioned by either leader.

Omar Rahman, a fellow at the Middle East Council on Global Affairs, said the fact that Gaza wasn’t mentioned led him to believe the discussion is “ongoing”.

“When it comes to Gaza, you have the Israelis there as well. On the issue of a ceasefire, Trump can put pressure on the Israelis, … but you still have the Israelis there making decisions. This is going to be a little bit more difficult to work out,” he told Al Jazeera.

US Middle East envoy Steve Witkoff, who was also in Doha, said “we’re making progress” in response to a question by Al Jazeera Diplomatic Editor James Bays on whether discussions on Gaza were ongoing.

“His tone was pretty telling. He was very positive,” Bays said. “When I asked him whether that was regarding aid deliveries or a ceasefire, he said, ‘We’re making progress on all fronts.’”

“He said he hopes there would be a positive announcement ‘soon’, but we have no indication of what that might mean,” Bays added.

Taipei, Taiwan – As Taiwan prepares to shut down its last nuclear reactor, soaring energy demand driven by the island’s semiconductor industry is rekindling a heated debate about nuclear power.

Taiwan’s electricity needs are expected to rise by 12-13 percent by 2030, largely driven by the boom in artificial intelligence (AI), according to the Ministry of Economic Affairs.

Environmental group Greenpeace has estimated that the Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, will by itself consume as much electricity as roughly one-quarter of the island’s some 23 million people by the same date.

The self-ruled island’s soaring appetite for power complicates Taipei’s pledge to reach net-zero emissions by 2050, which is heavily dependent on raising renewable energy production to about 60-70 percent of the total from about 12 percent at present.

Nuclear power advocates argue that the energy source is the most feasible way for Taiwan to reach its competing industrial and environmental goals.

On Tuesday, Taiwan’s legislature passed an amendment to allow nuclear power plants to apply for licences to extend operations beyond the existing 40-year limit.

The opposition Kuomintang and Taiwan People’s Party passed the bill over the objections of the ruling Democratic Progressive Party, which came to power in 2016 on a pledge to achieve a “nuclear-free homeland”.

The legal change will not halt Sunday’s planned closure of the last operating reactor – the No 2 reactor at the Maanshan Nuclear Power Plant – though it casts doubt over the island’s longstanding opposition to nuclear power.

The government said after the vote that it had no immediate plans for any future nuclear power projects, though Premier Cho Jung-tai indicated earlier that the government would not oppose the restoration of decommissioned reactors if the amendment passed.

Cho said Taipei was “open” to nuclear power provided safety was ensured and the public reached a consensus on the issue.

Any move to restart the local nuclear industry would, at a minimum, take years.

Taiwan began its civilian nuclear programme in the 1950s with the assistance of technology from the United States.

By 1990, state-owned power firm Taipower operated three plants with the capacity to generate more than one-third of the island’s electricity needs.

‘Renewable energy isn’t stable’

Angelica Oung, a member of the Clean Energy Transition Alliance who supports nuclear power, said Taiwan could generate about 10 percent of its energy requirements from nuclear plants when the DDP came to power nearly a decade ago.

“Energy emissions at the time were lower than now – isn’t that ridiculous?” Oung told Al Jazeera.

“At the time, it was reasonable to launch the anti-nuclear policy as the public was still recovering from the devastating Fukushima nuclear disaster … but now even Japan has now decided to return to nuclear,” Oung said, referring to Tokyo’s plans to generate 20 percent of its power from the energy source by 2040.

“That’s because renewables simply don’t work.”

“The supply of renewable energy isn’t stable … solar energy, for example, needs the use of batteries,” Oung added.

While the 2011 Fukushima disaster helped solidify opposition to nuclear power, Taiwan’s history of anti-nuclear activism stretches back decades earlier.

The DPP was founded just months after the 1986 Chornobyl disaster and included an anti-nuclear clause in its charter.

The following year, the Indigenous Tao people launched protests against Taipower’s policy of dumping nuclear waste on Orchid Island, helping cement the civil anti-nuclear movement.

Nuclear energy attracted further negative scrutiny in the 1990s, when it emerged that about 10,000 people had been exposed to low levels of radiation due to the use of radioactive scrap metals in building materials.

In 2000, Taipei halted construction of a planned fourth nuclear plant amid protests by environmental groups.

A 2021 referendum proposal to restart work on the mothballed project was defeated 52.84 percent to 47.16 percent.

Chia-wei Chao, research director of the Taiwan Climate Action Network, said nuclear power is not the answer to Taiwan’s energy needs.

“Developing nuclear energy in Taiwan often means cutting the budget for boosting renewables, as opposed to other countries,” Chao told Al Jazeera.

Chao said Taiwan’s nuclear plants were built without taking into account the risk of earthquakes and tsunamis, and that establishing a local industry that meets modern standards would be costly and difficult.

“Extension of the current plants and reactors means having to upgrade the infrastructure to meet more updated safety standards and factoring in quake risks. This costs a lot, so nuclear energy doesn’t translate into cheaper electricity,” he said.

Lena Chang, a climate and energy campaigner at Greenpeace East Asia, said that reviving nuclear energy would not only be costly, but potentially dangerous, too.

“We, Greenpeace, firmly [oppose] restarting nuclear plants or expanding the use of nuclear because nuclear poses an unresolved safety, waste and environmental risk, particularly in Taiwan – a small island that can’t afford a nuclear and environmental disaster,” Chang told Al Jazeera.

Chang said the chip industry should have to contribute to the cost of switching to renewable energy sources.

“They should be responsible for meeting their own green energy demand, instead of leaving all the work to Taipower, as any of the money to build more energy plants and storage facilities ultimately comes from people’s tax money,” she said.

Chao agreed, saying chip giants such as TSMC should lead the push to go green.

“The chipmaking industry is here to stay … Sure, energy supply will be tight in the next three years, but it’s still enough,” he said.

US federal prosecutors say defendant and co-conspirators got the company to pay for deliveries that never occurred.

A former food delivery driver pleaded guilty to conspiring to steal more than $2.5m from the food delivery service DoorDash.

Sayee Chaitanya Reddy Devagiri pleaded guilty on Tuesday in a federal court in San Jose, California, to a single count of conspiracy to commit wire fraud, the US Attorney’s Office said.

Devagiri and his co-conspirators would get the company to pay for deliveries that never occurred, federal prosecutors said.

Devagiri, 30, of Newport Beach, California, admitted to working with three others in 2020 and 2021 to defraud the San Francisco-based delivery company, federal prosecutors said. The other three were indicted by a federal grand jury in August.

Prosecutors said Devagiri used customer accounts to place high-value orders and then used an employee’s credentials to gain access to DoorDash software and manually reassign the orders to driver accounts that he and others controlled. He then caused the fraudulent driver accounts to report that the orders had been delivered when they had not and manipulated DoorDash’s computer systems to pay the fraudulent driver accounts for the nonexistent deliveries, officials said.

Devagiri would then use DoorDash software to change the orders from “delivered” status to “in process” status and manually reassign the orders to driver accounts he and others controlled, beginning the process again, prosecutors said.

Devagiri is the third defendant to plead guilty to having a role in this conspiracy. Two co-defendants previously entered pleas to one count of conspiracy to commit wire fraud, authorities said.

Manaswi Mandadapu pleaded guilty this month, and Tyler Thomas Bottenhorn pleaded guilty in November 2023. Bottenhorn was charged separately.

Devagiri faces a maximum sentence of 20 years in prison and a fine of $250,000. He is scheduled to return to court on September 16.

The administration of United States President Donald Trump has slashed another $450m in grants from Harvard University, amid an ongoing feud over anti-Semitism, presidential control and the limits of academic freedom.

On Tuesday, a joint task force assembled under Trump accused Harvard, the country’s oldest university, of perpetrating a “long-standing policy and practice of discriminating on the basis of race”.

“Harvard’s campus, once a symbol of academic prestige, has become a breeding ground for virtue signaling and discrimination. This is not leadership; it is cowardice. And it’s not academic freedom; it’s institutional disenfranchisement,” the task force said in a statement.

“By prioritizing appeasement over accountability, institutional leaders have forfeited the school’s claim to taxpayer support.”

The elimination of another $450m in grants came in addition to the more than $2.2bn in federal funds that were already suspended last week, the task force added.

The feud between the president and Harvard – a prestigious Ivy League campus in Cambridge, Massachusetts – began in March, when Trump sought to impose new rules and regulations on top schools that had played host to pro-Palestinian protests over the last year.

Trump has called such protests “illegal” and accused participants of anti-Semitism. But student protest leaders have described their actions as a peaceful response to Israel’s war in Gaza, which has elicited concerns about human rights abuses, including genocide.

Columbia University was initially a centrepiece of the Trump administration’s efforts. The New York City school had seen the first major Palestine solidarity encampment rise on its lawn, which served as a blueprint for similar protests around the world. It also saw a series of mass arrests in the aftermath.

In March, one of Columbia’s protest leaders, Mahmoud Khalil, was the first foreign student to be arrested and have his legal immigration status revoked under Trump’s campaign to punish demonstrators. And when Trump threatened to yank $400m in grants and research contracts, the school agreed to submit to a list of demands to restore the funding.

The demands included adopting a formal definition of anti-Semitism, beefing up campus security and putting one of its academic departments – focused on Middle East, African and South Asian studies – under the supervision of an outside authority.

Free speech advocates called Columbia’s concessions a capitulation to Trump, who they say has sought to erode academic freedom and silence viewpoints he disagrees with.

On April 11, his administration issued another list of demands for Harvard that went even further. Under its terms, Harvard would have had to revamp its disciplinary system, eliminate its diversity initiatives and agree to an external audit of programmes deemed anti-Semitic.

The demands also required Harvard to agree to “structural and personnel changes” that would foster “viewpoint diversity” – a term left ambiguous. But critics argued it was a means for Trump to impose his values and priorities on the school by shaping its hiring and admissions practices.

Harvard has been at the centre of controversies surrounding its admissions in the past. In 2023, for instance, the Supreme Court ruled that Harvard’s consideration of race in student admissions – through a process called affirmative action – violated the Equal Protection Clause of the US Constitution.

Tuesday’s letter referenced that court decision in arguing that “Harvard University has repeatedly failed to confront the pervasive race discrimination and anti-Semitic harassment plaguing its campus”.

A pair of reports in April, created by Harvard University’s own task forces, also found that there were cases of anti-Muslim and anti-Jewish violence on campus in the wake of Israel’s war in Gaza, a divisive issue in US politics.

Ultimately, on April 14, Harvard’s president, Alan Garber, rejected the Trump administration’s demands, arguing they were evidence of government overreach.

“No government – regardless of which party is in power – should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue,” Garber wrote in his response.

But Trump has continued to pressure the campus, including by threatening to revoke its tax-exempt status. Democrats and other critics have warned that it would be illegal for the president to influence the decisions of the Internal Revenue Service (IRS) with regard to individual taxpayers, like the university.

Under Trump, the Department of Homeland Security has also threatened to bar foreign students from enrolling at the university if Harvard did not hand over documents pertaining to the pro-Palestine protests.

On Monday, Garber, Harvard’s president, wrote a response to Trump’s secretary of education, Linda McMahon, defending his campus’s commitment to free speech while also addressing the spectre of anti-Semitism.

“We share common ground on a number of critical issues, including the importance of ending antisemitism and other bigotry on campus. Like you, I believe that Harvard must foster an academic environment that encourages freedom of thought and expression, and that we should embrace a multiplicity of viewpoints,” his letter read.

But, he added, Harvard’s efforts to create a more equitable learning environment were “undermined and threatened” by the Trump administration’s “overreach”.

“Harvard will not surrender its core, legally-protected principles out of fear of unfounded retaliation by the federal government,” Garber said.

“I must refute your claim that Harvard is a partisan institution. It is neither Republican nor Democratic. It is not an arm of any other political party or movement. Nor will it ever be.”

United States President Donald Trump has announced that US sanctions on Syria will be lifted, in a huge boost to the government in Tehran, which took power after the overthrow of longtime leader Bashar al-Assad in December.

“There’s a new government that will hopefully succeed in stabilising the country and keeping peace,” Trump said in Saudi Arabia on Tuesday, the first of a three-day visit to the Middle East, including Qatar and the United Arab Emirates. “I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness.”

Trump is also expected to meet Syria’s president, Ahmed al-Sharaa, in Riyadh on Wednesday, in a further signal to the world that the international isolation of Syria should end.

In Syria, the news has been met with celebrations in the capital, Damascus, and elsewhere. There is hope the move will help turn around the country’s economy after more than a decade of war.

Let’s take a closer look.

What sanctions had been placed on Syria?

The US was just one of many countries that had placed sanctions on Syria during the former al-Assad regime, which governed the country from 1971 to 2024.

The US sanctions were wide-ranging. The US initially designated Syria a “State Sponsor of Terrorism” in 1979, which led to an arms embargo and financial restrictions, including on foreign assistance.

Further sanctions were imposed in 2004, including more arms export restrictions and limits on Syria’s economic interactions with the US.

After the war in Syria began in 2011, and al-Assad’s regime started attacking civilian antigovernment protesters, numerous other wide-ranging sanctions were imposed on Syria and regime-linked individuals. This included a freeze on Syrian government assets held abroad, a ban on US investments in Syria and restrictions on petroleum imports.

The US had also announced a $10m reward for the capture of Syria’s current leader, al-Sharaa, and listed Hayat Tahrir al-Sham, the organisation he ran before its dissolution with the fall of al-Assad, as a “Foreign Terrorist Organization”.

Why was Syria under sanctions?

The main tranche of sanctions was imposed during the early years of Syria’s war, when the US was supporting the country’s opposition and attempting to isolate the al-Assad regime, pointing to its human rights abuses, including the use of chemical weapons.

The “terrorist” designation placed on Hayat Tahrir al-Sham was a result of its former association with al-Qaeda. This was one of the reasons there has been international wariness to remove sanctions on Syria even after the fall of al-Assad.

Why are they being lifted now?

Al-Sharaa has slowly been gaining international legitimacy for his government since it came to power in December. The US had already removed the reward for his capture, and the Syrian president has been able to travel internationally and meet world leaders, including in Saudi Arabia and France.

The new Syrian government has made a concerted effort to present itself as a moderate force that could be acceptable to the international community, including by distancing itself from designated “terrorist” groups, promising to cooperate with other countries on “counterterrorism” efforts and making statements supporting minority rights. The latter has been particularly important in light of sectarian fighting involving pro-government forces and minority groups after the fall of al-Assad.

The Reuters news agency also reported this week that Syria has attempted to convince the US that it is not a threat but a potential partner, including by saying it was engaged in indirect talks with Israel to deescalate tensions with the US’s Middle eastern ally – despite Israel’s bombing of Syria and occupation of its territory. There had also been talk of US-Syria business deals, even including a Trump Tower in Damascus.

Trump on Tuesday said that his decision to end the sanctions came after discussions with Saudi Arabia’s Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.

“Oh, what I do for the crown prince!” he said.

Speaking to Al Jazeera, Omar Rahman, a fellow at the Middle East Council on Global Affairs, said that US relationships with Saudi Arabia, Qatar and the UAE – all countries that had been pushing for an end to sanctions and support for the new Syrian government – had been an integral part of Trump’s decision.

“This wasn’t something that was too difficult for Trump to do,” Rahman said. “He didn’t need to get permission from anybody. He didn’t even need consent from Congress.”

Will investment now pour into Syria?

Because of the central role the US plays in the global financial system, the lifting of sanctions is a signal to the world that it can do business in Syria.

The sanctions had been economically debilitating for Syria, and presented a huge impediment for the new government, which is under pressure to improve living standards in a country where unemployment and poverty levels are high, and electricity blackouts are common.

Whether the US itself invests in Syria remains to be seen, but increased Arab and Turkish investment is likely.

“[The removal of sanctions] takes away a key obstacle in [Syria’s] ability to establish some kind of economic development, economic prosperity,” Rahman told Al Jazeera. “But there are plenty of other obstacles and challenges the country is facing.”

United States President Donald Trump has started his Middle East tour, arriving in Riyadh, Saudi Arabia, just after 10am, where he was greeted by Crown Prince Mohammed bin Salman (MBS).

During his three-day trip, he will also travel to Qatar and the United Arab Emirates (UAE), with a focus on securing economic agreements with three of the world’s wealthiest nations.

The trip will involve discussions on investment opportunities, and some experts say Trump may urge the Gulf countries to lower oil prices.

When will Trump be visiting each country?

Trump arrived in Riyadh, Saudi Arabia, on Tuesday just before 10am local time (07:00 GMT), where he was greeted by MBS. The same day, he is scheduled to attend a Saudi-US investment forum featuring leading companies such as BlackRock, Citigroup, Palantir, Qualcomm, and Alphabet.

On Wednesday, he is scheduled to take part in a Gulf summit in Riyadh, before travelling to Qatar later that day. He will conclude his trip in the UAE on Thursday, May 15.

Trump’s first visit as president was to Saudi Arabia

During his first term, 2017 to 2021, Trump became the first US president to make the Middle East his first international destination, breaking with the longstanding tradition of visiting neighbouring North American countries first.

His trip to Saudi Arabia from May 20 to 22, 2017 – during which he attended the Riyadh Summit – was a calculated move to bolster defence ties and secure substantial arms deals.

During that trip, Trump also visited Israel and Palestine.

While Trump did not go to Qatar or the UAE during his first term, he met Qatar’s Emir Sheikh Tamim bin Hamad Al Thani, Bahrain’s King Hamad bin Isa Al Khalifa and Egyptian President Abdel Fattah el-Sisi at the Riyadh Summit.

During the summit, Trump and Saudi King Salman bin Abdul Aziz Al Saud signed a $110bn arms deal, including missile defence systems, tanks, combat ships and cybersecurity technology, with the intent of buying $350bn worth of arms over 10 years.

A memorable moment from that 2017 trip to Saudi Arabia was during the inauguration of the Global Center for Combating Extremist Ideology in Riyadh. In a surreal photo op that quickly went viral, Trump stood alongside King Salman and President el-Sisi with their hands on a glowing orb.

What is the value of US-Gulf investments?

Sami al-Arian, director of the Center for Islam and Global Affairs at Istanbul Zaim University, told Al Jazeera that Trump has been very vocal about his objective in visiting the three Gulf states: investments.

Trump’s administration has reportedly discussed the possibility of expediting investments by Saudi Arabia, Qatar and the UAE before his trip to the region.

“He’s trying to get trillions of dollars out of these countries,” al-Arian told Al Jazeera.

“He’s already said that he’s hoping to get $1 trillion from Saudi Arabia in terms of arms sales and commercial deals,” he said.

US-Saudi investments

According to the latest data from the US Department of Commerce, the total stock of US foreign direct investment (FDI) in Saudi Arabia reached $11.3bn in 2023.

Conversely, Saudi Arabia’s FDI stock in the US stood at $9.6bn, mostly in transport, real estate, plastics, automotive, financial services and communications, according to the Commerce Department.

These figures are only FDI, not other investments, like portfolio investments or short-term financial flows.

US-Qatar investments

In 2023, the total stock of US FDI in Qatar was estimated at $2.5bn.

According to the US-Qatar Business Council, US companies that have facilitated FDIs in Qatar focused on the fields of energy, petrochemicals, construction, engineering, and communications technology.

Conversely, Qatari FDI stock in the US reached $3.3bn in 2023, with investments concentrated in financial services, energy and real estate.

US-UAE investments

In 2023, the total stock of US FDI in the UAE reached $16.1bn.

According to the Reuters news agency, in 2023, the main FDI drivers were manufacturing, finance and insurance, construction and wholesale and retail trade sectors.

Meanwhile, UAE FDI stock in the US totalled $35bn in 2023 – in financial services, transport, food and beverages, aerospace, and business services, according to the Commerce Department.

In March, UAE National Security Adviser Tahnoon bin Zayed Al Nahyan met Trump and committed $1.4 trillion in investments to the US over 10 years in sectors such as artificial intelligence, semiconductors, energy and manufacturing.

Weapons trade between the nations

The US is the biggest exporter of arms globally and a top supplier to Gulf countries.

Qatar and Saudi Arabia each accounted for 6.8 percent of the world’s total arms imports for 2020-24, making them the third and fourth largest importers globally.

The UAE is the 11th largest importer of arms, accounting for 2.6 percent of global imports for the same period.

Saudi Arabia is the main recipient of US arms, according to the Stockholm International Peace Research Institute (SIPRI). Between 2020 and 2024, Saudi Arabia received 12 percent of the US’s total arms exports.

About 74 percent of Saudi arms imports come from the US.

Trump is poised to offer Saudi Arabia an arms package worth more than $100bn during his trip, according to Reuters.

In the 2020-24 period, the US was the top supplier of arms to Qatar, accounting for 48 percent of its imports.

In March, the US Department of State approved a large weapons package to Qatar worth $2bn, which includes long-range maritime surveillance drones and hundreds of missiles and bombs.

In the same period, the US was also the top supplier of weapons to the UAE, accounting for 42 percent of the country’s arms imports.